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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Assisted living facilities
3529 Downing Cir 5, Mesa, AZ 85213-7016
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1593686
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
FRAME
Total area
3,995 SF
Lot
0.35 ac (15,043 SF)
Zoning code
RS-15
APN
140-12-038
UPID
US07-1593686
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$615k
Owner & transaction history
Angel Home Health Care 3 LLC · 2 yrs held
Angel Home Health Care 3 LLC
since 2024
7 recorded transactions
Zoning & alternative use
RS-15 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$720,000
Current use
OFFICE BUILDING
$690,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$675,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,605
Tax year 2023
Assessed value
$67,830
Assessed 2024
Previous assessed
$67,830
+0.0% YoY
Effective rate
6.79%
On assessed value
Land market value
$135,600
Improvement market value
$542,700
Total market value
$678,300
Applied tax rate
41,003.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
9
Bathrooms
4
Total area
3,995 SF
Lot
0.35 ac (15,043 SF)
Zoning code
RS-15
APN
140-12-038
UPID
US07-1593686
Jurisdiction
MARICOPA
Zoning & alternative use
RS-15 · Mesa, AZ
Zoning RS-15 · permitted uses
RS-15 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$720,000
OFFICE BUILDING
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$675,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
4
Lot
0.35 ac
Current owner
From public records · entity-resolved
Angel Home Health Care 3 LLC
Entity
Mailing address
1644 E MENLO ST, MESA, AZ 85203-1330
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Angel Home Health Care 3 LLC
Jones Capital Investments LLC
Warranty Deed
$400,000 · Htlf Bank
Feb 22, 2018
—
Jones Capital Investments LLC
Blue River Equity LLC
Grant Deed
$420,000 · Blue River Equity LLC
Oct 26, 2016
$130,000
Blue River Equity LLC
Herb Ronald B|devries,deneen
Trustees Deed
related
—
Mar 31, 2016
—
Eastwest Secured Devs LLC
Devries,deneen
Warranty Deed
—
Sep 30, 2005
$466,590
Antonio Ramirez
David Scott Mellish
Warranty Deed
$373,272 · New Century Mortgage Corp
Feb 8, 2001
$292,500
David S Mellish
Davis,mark J & Sara L
Grant Deed
related
$274,500 · First Bank Of Arizona
Aug 29, 1995
$232,500
Mark J Davis
Charles Brackney
Grant Deed
$203,150 · Metmor Financial INC
—
—
Deneen Devries
—
Deed Of Trust
related
$60,000 · Brian Loiselle
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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